Biden’s focus in China: AI, semiconductors, and quantum computers.
President Biden’s Efforts to Limit Chinese Technological Advancements
President Joe Biden’s executive order aims to curb Chinese investments in the development of artificial intelligence, military-grade semiconductors, and quantum computers. This move is part of a larger strategy to hinder China’s ability to develop the technology necessary to surpass the United States military.
“There’s a real and direct national security aspect to the development of this technology,”
– Jeremy Mark, senior fellow at the Atlantic Council
The “Triple Threat” of Technologies
Let’s delve into the three key technologies affected by this order:
- Advanced Semiconductors: These chips are crucial components for most new technologies. They serve as the foundation for devices like phones, computers, and cars. The United States leads in semiconductor design tools but lacks the necessary facilities to manufacture the chips. To address this, the CHIPS Act provides funding for chip manufacturers to build semiconductor plants in the US.
- Artificial Intelligence: Restricting chip access limits China’s ability to develop AI-powered equipment, which plays a central role in their military arsenal. China aims to become the leading AI power by 2030 and has made significant strides in AI research.
- Quantum Technology: Quantum computing, with its immense power, is a priority for military researchers. The US and China are both investing heavily in this field. Quantum computing has the potential to revolutionize encryption, communication networks, and sensor technology.
The executive order grants the Treasury Department the authority to restrict new investments in China-owned companies focused on semiconductors, quantum technology, and AI. It also requires US investors to disclose previous transactions with Chinese businesses in these industries.
While the effectiveness of Biden’s order remains uncertain, it represents a strategic step towards safeguarding US investments from advancing Chinese military developments.
Source: The Washington Examiner
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